Consider which of the following statements about arbitration are accurate: 1. Arbitration is public dispute-resolution process. II. Arbitration clauses frequently limit the possibility of individual or class-action litigation. III. Arbitrators, like judges, must provide the parties with a detailed, written explanation of their final ruling in a case. IV. Terms of service and credit-card agreements contain clauses allowing corporate defendants to select the arbitrator, the location of arbitration proceedings, and which state's laws will govern the dispute. O Only statements I and III are true. O Statements II, III, and I are all true. O Only statements II and IV are true. Statements I, II, III, and I are all true